IDEAS home Printed from https://ideas.repec.org/a/rnp/ecopol/0944.html
   My bibliography  Save this article

The risks of inflation and the second wave of banking crisis: myth and reality

Author

Listed:
  • Moiseev, Alexei

    (RENAISSANCE CAPITAL)

  • Markov, Andrei

    (RENAISSANCE CAPITAL)

Abstract

Clear and timely action of the Ministry of Finance and the Central Bank of the Russian Federation in autumn 2008 decided the most pressing issue at the moment - to prevent the collapse of the banking system, which to some extent mitigate the negative perception of the crisis the majority of the population. Lowering reserve requirements, capacity to raise funds from the Central Bank on the security of assets and, most importantly, unsecured loans (first by temporarily free federal budget, and then the Central Bank) have provided most of the banks enough free resources to maintain solvency. At the beginning of July 2009, banks have claimed more than 1.5 trillion rubles. through various kinds of refinancing instruments, which is about 10% of total liabilities of the banking system.

Suggested Citation

  • Moiseev, Alexei & Markov, Andrei, 2009. "The risks of inflation and the second wave of banking crisis: myth and reality," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 62-83, August.
    • Handle: RePEc:rnp:ecopol:0944
    as

    Download full text from publisher

    File URL: https://repec.ranepa.ru/rnp/ecopol/0944.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    banking; crisis; finances;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:0944. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RANEPA maintainer (email available below). General contact details of provider: https://edirc.repec.org/data/aneeeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.